'Rajan brought in a healthy air of competition in the banking sector.'
Rajan's total 'monthly emoluments' stands at Rs 198,700
'There will be no serious effect on Indian economy because one person, one man, however powerful, however influential, however great, cannot have an impact on an economy as big and complex as India.'
The academic prize is sponsored by the Deutsche Bank Donation Fund and carries an endowment of euro 50,000.
The government and the RBI are working together to tackle the country's economic problems but there is no "magic wand" to fix them, said Raghuram Rajan, who will take over as central bank governor next month.
The court will on Tuesday hear arguments on the quantum of sentence to be awarded to the convicts.
Rajan is lodged in Tihar Jail in New Delhi. The other three persons, who were out on bail, were taken into custody on Monday after the verdict was announced.
Additional Chief Secretary K P Bakshi told reporters at a hurriedly-called press conference that all the cases against 55-year old Rajan, who has been deported from Indonesia, are being transferred to CBI because of its expertise in "handling transnational crimes".
Prime Minister Narendra Modi defended Mr Rajan, but it would be debated why he took so long to dub criticisms like those against the RBI governor as improper.
'Rajan's exit will have a great impact on the economy.'
The 55-year-old gangster was taken straight to the CBI headquarters where he was quizzed on Dawood Ibrahim, India's most-wanted terrorist.
Union Minister Nirmala Sitharaman was on Monday critical of RBI Governor Raghuram Rajan's description of Indian economy as the "one-eyed king in the land of the blind", saying better words should have been used.
Rajan said it is hard to offer an objective self-assessment but the RBI should probably have raised more flags about the quality of lending in the early days of banking exuberance.
Gangster Chhota Rajan, prime accused in the journalist J Dey murder case, thought that the veteran crime reporter was working for his rival Dawood Ibrahim and Pakistan's spi agency Inter-Services Intelligence, according to the chargesheet filed by the Central Bureau of Investigation.
Rajan tells RBI colleagues he will be returning to academics
Security has been stepped up in and around Jail no 2 of Tihar prison where underworld don Chhota Rajan was lodged on Thursday after being remanded in a 14-day judicial custody.
The country has a long way to go before it claims to have arrived, he said.
He said the short term macroeconomic priorities of the RBI continue to focus on bringing down inflation towards the government-set target of 4 per cent
RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed.
RBI Governor Raghuram Rajan said that consolidated fiscal deficit of the Centre and states rose to 7.2 per cent in 2015 from 7 per cent in the previous year.
Rajan has set March 2017 as the deadline for banks to clean up their balance sheets.
A high-stakes match between cross-city rivals Chennai Super Kings and Royal Challengers Bengaluru in Chennai on Friday will usher in IPL 2024, but, beyond the grandeur around it, the two protagonists will have to find early answers to some deep questions as they attempt to enter a rarefied territory.
Government spokesperson and Information and Public Relations Minister Sapam Rajan said that the government is making efforts towards this end.
Maharashtra Chief Minister Devendra Fadnavis on Tuesday said that underworld don Chhota Rajan, who was nabbed at Bali airport on his arrival from Australia last month, will be brought to Mumbai.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
'If my brother was a criminal they could have filed a case against him and put him on trial. Why kill him?' This is not justice.'
Rajan has shifted from the conventional ground floor room occupied by CEAs to a room on the first floor, adjacent to Chidambaram's office.
"I don't think this administrative subject should be an issue of interest to the media," Modi said.
Raghuram Rajan's exit reminds Syed Firdaus Ashraf of Kafka's The Trial.
After his decision to return back to academia, there have been voices suggesting that his candid public speeches were one of the aspects which made the government uncomfortable about reappointing Rajan for another term
In 2013, India suffered its worst currency crisis in more than two decades but has regained the confidence of foreign investors in part after its current account deficit has narrowed sharply and its foreign exchange reserves hit a record high
Also says PSU banks divestment to be considered after improvement in governance
The Reserve Bank has reduced interest rate by 150 bps since January 2015.
RBI ex-governor's book on 'those turbulent but exciting times' to be launched on Sept 5 in Chennai.
Rajan said there will be some volatility, but once the initial bout or wave abates, people will look for good fundamentals
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
Rajan said too many infra projects do not have forex earnings thus are unable to pay in dollars or yen
On the controversy surrounding the GDP numbers based on new calculations, he said statisticians have done as good a job as they can and economic growth is significantly high as costs have come down
Inflation is a big concern for India, says RBI chief Raghuram Rajan.
Former Finance Minister P Chidambaram had said he was "disappointed and profoundly saddened" by Rajan's decision.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances